	dravo drv to have first quarter loss dravo corp said it expects a first quarter loss of about cts per share compared with a year earlier profit of one ct and said operating ings for all of may not match s ings of cts per share from continuing operations dravo saidperformance so far this year in its engineering and construction segment has not met earlier expectations it said the first quarter will be impacted by writedowns resulting fromn revised estimates of costs required to complete projects and by delays in starting work on jobs originally forecasted to contribute to first quarter ings dravo further said it has given the investor group buying dravo s river transportation stevedoring and pipe frabrication businesses additional time to structure the necessary permanenty financing and closing is now expected in the third quarter reuter 
